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v3.25.3

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2025
SEGMENT INFORMATION |
Schedule the revenues and significant segment-level expenses of the self-storage segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | September 30, | ​ | September 30,
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
​ | ​ | (in thousands)
Total revenues |  | $ | 285,080 |  | $ | 270,890 | ​ | $ | 840,419 |  | $ | 798,505
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Significant segment-level expenses (income): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Property taxes | ​ | ​ | 29,927 | ​ | ​ | 26,390 | ​ | ​ | 90,193 | ​ | ​ | 80,438
Personnel expense | ​ | ​ | 24,009 | ​ | ​ | 21,561 | ​ | ​ | 67,793 | ​ | ​ | 66,229
Advertising | ​ | ​ | 9,791 | ​ | ​ | 9,343 | ​ | ​ | 24,198 | ​ | ​ | 21,359
Repair and maintenance | ​ | ​ | 3,689 | ​ | ​ | 2,848 | ​ | ​ | 9,737 | ​ | ​ | 8,654
Utilities | ​ | ​ | 6,699 | ​ | ​ | 6,901 | ​ | ​ | 19,126 | ​ | ​ | 18,811
Property insurance | ​ | ​ | 3,385 | ​ | ​ | 3,993 | ​ | ​ | 11,414 | ​ | ​ | 11,496
Other property operating expenses | ​ | ​ | 13,348 | ​ | ​ | 10,832 | ​ | ​ | 40,349 | ​ | ​ | 35,015
Total property operating expenses | ​ | ​ | 90,848 | ​ | ​ | 81,868 | ​ | ​ | 262,810 | ​ | ​ | 242,002
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 66,688 | ​ | ​ | 51,210 | ​ | ​ | 192,332 | ​ | ​ | 152,962
General and administrative | ​ | ​ | 16,506 | ​ | ​ | 14,265 | ​ | ​ | 47,471 | ​ | ​ | 44,512
Interest expense on loans | ​ | ​ | 29,380 | ​ | ​ | 22,750 | ​ | ​ | 84,570 | ​ | ​ | 68,436
Loan procurement amortization expense | ​ | ​ | 1,258 | ​ | ​ | 986 | ​ | ​ | 3,700 | ​ | ​ | 3,031
Equity in earnings of real estate ventures | ​ | ​ | (648) | ​ | ​ | (418) | ​ | ​ | (1,574) | ​ | ​ | (1,688)
Other | ​ | ​ | (1,368) | ​ | ​ | (721) | ​ | ​ | (2,483) | ​ | ​ | (744)
Net income | ​ | $ | 82,416 | ​ | $ | 100,950 | ​ | $ | 253,593 | ​ | $ | 289,994
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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